August 6, 1986 |
Coca-Cola Co. said Tuesday that it has signed a definitive agreement to sell its Embassy Home Entertainment subsidiary to Nelson Entertainment Inc. for $85 million in cash and the assumption of liabilities. As reported, the buyers include former EMI Film & Theatre Corp. Chairman Barry Spikings, who will become Embassy's chairman when the transaction is completed.
January 26, 1988 |
Nelson Holdings International Ltd., which recently disclosed that its banks had reduced the company's borrowing power, said it has canceled director Michael Cimino's latest movie project, "Santa Ana Wind." The cancellation followed a similar move last fall, when Nelson indefinitely postponed "Michael Collins," a planned Cimino film about a 1920s Irish rebel.
December 25, 1990 |
NHI Nelson Holdings International Inc., ending months of speculation that it would divest its highly leveraged film subsidiary, said Monday that it had a letter of intent to sell Nelson Entertainment Group Inc. to New York financier Stephen C. Swid for $30 million plus the assumption of $186 million in debt and other liabilities.